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Suburb Insights ยท VIC 3616

Cooma 3616, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Cooma is a regional centre in Victoria, Australia, with a population of approximately 94, making it a boutique locality. Located approximately 156 km from the Melbourne CBD, Cooma is a regional area in Victoria. The median household income is $71,500 AUD per year (ABS 2021 Census).

Investment Score

33 / 100 Weak

Household earnings in Cooma are below the state average, which may affect long-term capital growth. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Cooma, Victoria, Australia.

Key Indicators

Postcode
3616

Official Australia Post postcode for Cooma. A postcode may cover multiple suburbs.

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Population
94

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$250/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$71,500/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
156 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,473/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
72% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Cooma serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $250/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,473/month.

Investment Strategy

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Buy & Hold

Holding property in Cooma over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Cooma's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

The resale market in Cooma may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Cooma property

Full Property Analysis

30-year projections for Cooma

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Cooma is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental pipeline in Cooma is thinner โ€” flexible lease terms could help secure tenants faster. Investor sentiment toward Cooma is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Cooma a good suburb for investment?

Cooma is a regional area in Victoria with a population of 94. The median rent is $250/week and the median household income is $71,500/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Cooma?

Key demand drivers in Cooma include regional employment hubs, lifestyle, and affordability. 72% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Cooma?

According to the ABS 2021 Census, Cooma has a population of approximately 94. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Cooma from the Melbourne CBD?

Cooma is approximately 156 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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